News from Kampstra Wealth Management
I-Bond Rates Drop: Is It Time to Reassess Your Investment?
In 2022, many investors turned to U.S. Treasury I-Bonds as a safe and attractive option when inflation rates were soaring. However, with inflation cooling in recent months, the situation has changed.
What Retirement Planning Isn’t
Americans believe they need nearly $1.5 million to retire comfortably, a number that has soared by more than 50% since 2020, according to Northwestern Mutual’s 2024 Planning & Progress Study. Yet the Employee Benefit Research Institute reports that only about half of workers have actually calculated their retirement needs.
Rate Cuts and Retirement: Navigating Change
The Federal Reserve’s recent 50 basis point interest rate cut, with more reductions expected by year’s end, may leave employees wondering what it means for their retirement savings — and their overall financial picture
Harvesting Financial Lessons
Thanksgiving offers more than just family gatherings and meals—it encourages reflection on finances with gratitude. The holiday can inspire better financial habits, such as managing holiday expenses wisely and practicing mindful spending
Increasing 401(k) Balances Can Bring Increased Risk
By the second quarter of this year, the number of “401(k) millionaires” rose 2.5% from Q1, marking a record high according to Fidelity. At the same time, retirement savers overall experienced three consecutive quarters of growth — and that’s good news for many investors. However, a Vanguard analysis of its plans also shows a concerning trend.
Insurance Needs Assessment: Married With Children
A growing family, by definition, means growing financial obligations—both present and in the future. Raising children can increase your insurance needs and heightens the urgency for being properly prepared.
Insurance Needs Assessment: For Empty Nesters and Retirees
With the children now out of the house, financial priorities become more focused on preparing for retirement. During this final leg —and throughout your retirement period—wealth protection is critical.
Overcoming Challenges in HR and Benefits Departments
It is crucial for plan sponsors, who are frequently overseeing teams with many responsibilities, to understand the difficulties that HR and benefit departments encounter daily, and to avoid compromising their fiduciary duties to these workers.
8 Financial Milestone Birthdays
Get ready to celebrate your Financial Birthdays! Starting at age 50, these birthdays will become a big part of your financial journey.
Record Retention
While most providers can supply reports and plan documents, the plan administrator remains ultimately responsible for retaining adequate records that support the plan document reports and filings. R
News Archive
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